Hervey Bay

Project Description

The property is positioned on the south-eastern corner of the intersection of Boat Harbour Drive, the main thoroughfare in Hervey Bay, and Main Street. Hervey Bay is a regional city located 279 kilometres north of Brisbane and approximately 139 kilometres south of Bundaberg. The site is approximately 800 metres south of the traditional retailing precinct of Pialba. Numerous retail, showroom and semi-retail businesses located in this precinct include Crazy Clarks, Ultra-Tune, Bob Jane, Toyworld, Harvey Norman and Supa Cheap as well as fast food outlets such as Pizza Hut, Macdonald's, Big Rooster and Subway. Located directly to the west of the property are large format retailers including Autobarn, Chemist Warehouse, Pet World and Aldi. Situated further west is the Bay Central Shopping Centre.

Land area

30,170 m²

The total GLA/retail area

11,824 m²

Lease Commencement Date

23/12/2002

Total Property Cost

$8,992,502

Current valuation

$17,800,000

Annual Rent

$1,324,506

Project Location

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